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Search Results 0 to 49 of about 174 (some duplicates have been removed)
'm stewart in for neil cavuto. remember this, that fiscal cliff deal, huge amount in tax hikes. not much in the way of spending cuts. are we about to see the sequel? the president is calling on congress to pass another quick fix to avert those automatic spending cuts he originally signed off on, kicking in march 1 income, and this includes new tax revenues. the former south carolina senator jim demint says we have seen how the movie ins and it's not go. okay, jim, spell it out. more tacks and not so many spending cuts. what's the result? >> you have to scratch your head. the federal government will receive historically high tax revenues this year, yet we've double spending. it's a spending problem. the president is not willing to cut spending at this point. he continues to talk about more taxes. even though he promised that this sequester would never happen and if he got his tax increases he would cut spending. >> what are the run republics going to do? we have the president calling for more taxes. what should their response be? >> well, republicans passed in the house last year what the
. uhhey.... i'm bob, we talked at the tax store. i did your taxes. i thou??t you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. oh. [ cheeses gasp ] [ cheese ] surprise. [ male announcer ] we take the time for our cheese to mature before we bake it into every delicious cracker. because at cheez-it, real cheese matters. [ male announcer ] it's red lobster's 30 shrimp! for $11.99 pair any two shrimp selections on one plate! like mango jalapeÑo shrimp and parmesan crunch shrimp. just $11.99. offer ends soon! i'm ryon stewart, and i sea food differently. [ female announcer ] introducing clear scalp and hair beauty therapy. ♪ like good soil is to a tree, so is a well-nourished scalp the right foundation for strong, beautiful hair. clear feeds your scalp where 99% of hair's natural strength and beauty comes from. take the clear 7-day scalp and hair challenge tod
tax dodgers. >> corporations are people, my friend. >> the senator unveils his new bill here tonight. >>> plus, someone actually made the paul harvey farmer ad better. >>> and governor chris christie wants everyone to shut up about his weight. >> shut up. >> tonight, reverend al sharpton is here to give the governor some tips on becoming the biggest loser. >>> good to have you with us tonight, folks. thanks for watching. the confirmation hearings of cia director nominee john brennan got off to a rocky start today. human rights protesters from the activist group code pink interrupted the hearings before they even started. john brennan is the architect of the obama administration's drone warfare program, which includes targeted killings. once the hearing got under way, there was another disruption. the protester was escorted out. then there was another. same thing. seconds later there was another. and then another. finally, chairwoman senator dianne feinstein broke up the proceedings. >> we're going to halt the hearing. i'm going to ask that the room be cleared and that the code pink a
believe that they should at least pass a smaller package of spending cuts and tax reforms. >> a smaller package. because you can't get a deal done in time? so of course, it's not the first time washington has kicked the can down the road. we know that. remember when we first heard about sequester, that bizarre word that is now part of the lexicon? it was august 2011 and the word sequester came out of the failed deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there ain't no hill or mountain we can't climb ♪ >> that of course was "groundhog day." at least they had a good song. we have to listen to the terrible voices of people in washington. "outfront," michael waldman from nyu school of law, and michael medved, co
? you have the jobless rate picking up, economic growth slowing down and the federal income tax turning 100 this sunday. fears are growing it's only heading higher. swatch out on the price of good friday. it's 14,000. >> let's celebrate. we're rich, we're rich again, part two. here's what i think about the income tax. remember those coffee mugs, life begins at 40? how about for the income tax life begins at 100. let's actually fix this thing, make it a little more favorable for businesses, for income, for individual income earners. i mean, that would be a lot better than at least leaving it at this rate. >> some say we've had it for 100 years. maybe we should keep it for the next 100. >> here's the thing. i'll tell you. it's been a rough 100 years with regards to income tax because there's been a lot of wrangle ling. if you just look at the numbers, we rely on the top 10% of taxpayers, jenna, as a country more than any other developed nation in the world. we know we have the highest corporate tax rates. >> you just don't want to pay your taxes. >> hello, irs, i don't want to pay my taxe
on here? >>> looming budget cuts. >> we can't keep spending money we simply do not have. >> tax uncertainty. >> the deficit is still too high. >> gridlock over how to fix it. if it weren't for politicians in washington, 2013 could be a boom year. take a step back. your home, your investments, your job. the three ways most people build wealth are all set to take off. home prices rose 5.5% in november, biggest jump in six years, stocks are at five-year highs, near records. the dow is up 800 points in just four weeks. jobs are coming back. things are looking bright in 2013, but to capitalize, you'll have to get ready. and get smart. because smart is the new rich. company profits are up, home prices are up, markets are way up. sandy, why is this market up? i mean, end of last week, i see gdp actually shrank in the end of 2012 but markets are near records. why? >> i think three different things are going on. we are seeing signs of strength in the economy, notwithstanding the weak gdp figures. there was a lot of temporary stuff going on there. if you look at computer spending, housing
't be the worst thing in the world because it may be the best we can get without tax increases. they're done talking about taxes. >> they say they're done. the president will say again he wants a package of spending cuts now and a bigger negotiation he wants more revenue or tax increases. this is the president's way. he's beginning his second term. last thing he wants is disruption in the economy in the psychology, financial markets to set his second term off when he thinks things are growing. how much is baked into the marks, if you will? do they expect the sequester, as more people in washington say it's -- let's listen to the president. >> good afternoon, everybody. i want to say a few words about the looming debt lines and decisions that we face on our budget and on our deficit. these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we have seen signs of this progress over the last several weeks. home prices continue to cli
will get back to you if there are more details. the fbi is promising that in the next few hours. >> tax hike to high income earners. he may be going to the well again. the president insists he needs more money to reduce the deficit and will likely focus on a familiar target. white house correspondent wendell goaler tells us how that is going over. >> as the president headed to minnesota to talk about gun violence, republicans on capitol hill tried to keep the nation's attention on fiscal matters. >> we are having trouble in large part because spending is a problem. it is what is chasing jobs overseas and causing much anxiety about our future. >> sunday in a presuper bowl interview with cbs's scott kelly mr. obama said this year's tax changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have acc
to the driving theme of his campaign. economic fairness. on the issue of revenue, he isn't done raising taxes on the wealthy. >> when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cay men island accounts, the average person doesn't have access to carried interest income. we just want to make sure that the whole system is fair. that it's transparent. that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants to get done. take a look at this. there are many middle class households that are actually paying a higher tax rate than households that make ov
a balanced approach that would force corporations and the wealthy to give up some of their special tax break. and pay their fair share. >> these modest reforms in our social insurance programs have to go hand in hand with tax reform. so the wealthiest individuals and corporations can't take advantage of loopholes and deductions that aren't available to most americans. there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the economy should be put in jeopardy just because folks in congress couldn't come together to eliminate tax loopholes. >> these special interests loopholes include subsidies for the oil and gas companies. who are raking in record profits. deductions for corporate jets and yachts. and absurd tax breaks for hedge fund managers and wall street heavy hitters. fairness. it's what this election was all about. i mean, do we really want to be a country that lets millionaires write off their corporate jets but tells a single mom she can't get help buying a formula for her baby? that's not t
say, that you can be on the path of citizenship if you pay all of the back taxes that you have and pay a fine and we are talking about folks who are coming here and making the meager earnings, and how long does it take them to pay it all back before they can become citizens. >> michael, you made an economic argument about the cost of detaining and the cost of deporting and the cost of all of this, but i keep thinking about the cost of getting on that path to citizenship for ordinary immigrants here. >> all year long, we have the stories of the people coming into the offices. the filing fees are prohibitive to everybody introduced to the new gift. these people are putting food on the table, and they have the same challenges. president reagan in the 1980s changed the immigration law when he gave the nasty word amnesty out, and then he shifted the responsibility of policing immigration from government to employers, and the employers in a hard economy and generation now are being punished by the obama administration and the justice department and homeland security by not doing i-9s and pol
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's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> immediately, republicans said no. politico's headline reads, it's already d.o.a. on the hill. republicans reject this right away because they see tax reforms as a tax increase. here's what kelly ayacht said this morning. >> his first response to everything is new taxes. he got $600 billion in new revenue, where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> and those comments followed pat toomey, who said sorry, president obama, no more tax increases. mitch mcconnell said the government will not support more tax hikes in place of the meaningful spending reductions. so what's behind the president talking about this yesterday? >> it's no surprise. of course they're going to say it's d.o.a. they always say it's d.o.a. >> but is it d.o.a.? >> i'm not sure it is. i do think there is renewed pressure on
in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab
and night hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thou??t you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. you'd think i want to stay away from it at night. truth is, i like to stay connected with friends. but all that screen time can really dry me out. so i use visine. aah. it revives me, so i can get poked, winked, and -- ooh -- party all night long. only visine has hydroblend -- a unique blend of three moisturizers that soothe, restore, and protect to keep me comfortable for up to 10 hours. pirate party, here i co-- uh, honey? visine with hydroblend. find it in these visine products. >> we do take football very seriously in my house, but that doesn't mean throwing a super bowl party has to feel like a mad dash for the end zone. >> here are quick tips with "better homes and garden" contributing edito
change, immigration, gun control and taxes. mr. obama joked on monday about how tricky it can be to get things done. >> if there's one thing that i've learned over the last four years it's that you can't count on anything in washington until it's done. >> reporter: republicans believe that senate majority leader harry reid has been effective in shielding his members from some tough votes on items such as the budget but we've been assured there will be a budget this year so that unity and enthusiasm may be tested early. jenna? jenna: if you had a nickel forever time --, no. we would all be really rich. that there would be unity on capitol hill. we've heard some from the senate democrats about some of the issues they're worried about ahead. what have you heard within the halls of capitol hill? >> reporter: jenna, gun control is a prime example in places like new york, new jersey, california. gun control is popular. but harry reid also has democratic members from places like west virgina, arkansas, louisiana, and alaska where gun control can be dirty words. here is senator reid speaking re
taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the sequester as it relates to defense. i repeat, $2.6 trillion already all comi
there openly for seven years and pay all the taxes. but today officials determined it was actually trespassing. boo. so the bank repossessed the home. boo. and changed the locks. kill joy. bank of america. don't they have enough money? steve harrigan is in the south florida newsroom. still no word from loci boy though, i'm bummed. >> no, shepard. no appearance of loci boy yet. it was 1:00 p.m. when police moved in on that 2.5, a bedroom mansion. brought locksmiths with them as well. broke open that iron gate. went inside. no sign of loci boy or seven or eight people also occupying that house. they found a lot of toiletries and a real mess. they pulled that outside and bank of america now has taken possession of that house. they issued a statement which said we appreciate the assistance of local authorities and the patience of neighbors as we work to have the trespassers removed. no word on where loci boy might be. police told us this afternoon they are not looking for him and there is no warrant for his arrest. shepard? >> shepard: loci boy unwittingly a leader of others as there are copy cats
and tax reforms. >> i think the sequester's going to happen. >> washington desperately needs some adult leadership. >> talking like adults. let's get this country back on the mother [ bleep ] track. oh yeah! >> the president and the first lady are kind of like the mom and the dad of the country. >> there isn't any resistance to obama anywhere. >> at some point washington has to deal with its spending problem. >> and when your dad says something, you listen. and when you don't, it usually bites you in the [ bleep ] later on. >> i've had enough of it. it's time to act. ♪ >>> the clock is now ticking on what many economists say is a near-certain double dip recession if more than a trillion dollars in automatic spending and defense cuts are allowed to occur at the beginning of next month. and while the president is busy running the government, today nominating a new candidate for the interior department. and yesterday pleading for action to prevent the so-called sequester, republicans have been out front telling anyone who will listen that they, too, are absolutely opposed to any cuts to
. chuck, you know, the payroll tax holiday went away in january. everyone got their first paycheck in 2013 and said, it's a lot smaller, what's the heck's going on. and that's reflected in the confidence numbers. no one really likes the back-and-forth and vitriol in washington, it makes people nervous, particularly business people. but for consumers what really matters is the paycheck and the paycheck is smaller and they're not really comfortable with that. >> what will it take for the unemployment to get below 6% or in that range, we got to start seeing jobs added, we got to start seeing it in the 300s, in the 400s, in the 500s, when will we see it in this economy? it still feels like treading water. >> i don't think it's in the next three, six numbers, because we have to digest the tax increases and we have more government spending cuts coming. that's going to weigh on growth. my sense is by the end of the year we'll get job growth over 200k and by 2013 when the housing markets is in full swing, it will be 300k, we should be in 300k territory in 2014 and that's when the unemployment will
to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> our first read team notes that while republicans want to solely talk about the budget the white house does not want to be bogged down on one issue that in the past cost hem political capital. quote, the obama white house wants to overled wa's political circuits to see what it can get through congress without letting congress define what issues get addressed. joining us now kelly o'donnell. our first read team noted the p talking about guns, immigration and today addressing the issue of the sequester. >> reporter: well, there is that sprint in the first year of his second term to try to get as much done as possible. and urgency on all these issues for different reasons. and when it comes to the sequester, the automatic budget cuts, kind of an odd term for what's meant to be automatic sweeping cuts across the board for the departments with a few exceptions. that was put in place as you know to try to be a bit of a force on congress to make a more sweeping plan of long-term deficit reduction
're not going to give any tax increases to the rich, but we're going to let the middle class and the poor pay more we're going to let unemployment insurance run out on people that can't find work. every tax loophole in the world, we're going to leave it in place and start examining things that seniors need. i mean, how do you explain that better? >> i don't think hogan is correct about this. the core of it they lost two seats in the senate. they were trying to talk about rape and abortion and that was a conserve tiff view. marco rubio is saying you need to take an immigration deal. and the republican tea party is saying no, it's not possible, it's amnesty. you're wrong. i don't think this is purely about tone. the republican party has to move to the left. karl rove thinks that, marc marco rubio thinks that. it's not guilty aboutish issues, like you just said. when you look at, hogan, the war on women and the legislation they passed in certain states against women's right to choose, it wasn't that women were objecting to the tone, they were objecting to the policy. when you look at they're clo
with taxes. the president was very clear that when meeting the economic and fiscal challenges ahead, that he wants to keep in perspective whether the cop or the receptionist was able to make it. and he did contrast it with what the republicans want. and they want to cut medicare and social security. and so he said fine, let's argue this out in the public. and he clearly felt confident that he and we would win if that bat 8 takes place. >> now, the reason i'm asking, congresswoman, is "politico" is reporting that the economy is crumbling. let me quote. >> if that is true and the democratic caucus stands together and the president stands firm, they will have backed down yet again. >> exactly. you know, reverend al, that this sequester was never intended to go into effect because the cuts were so devastating. and so this, again, would be a capitulation to the democrats. >> and i think that's the real point, joan. the sequester was put out with such unreasonable cuts, it was to make sure that we never got there. and to act as though now we may have gone there is absolutely unthinkable when it wa
Search Results 0 to 49 of about 174 (some duplicates have been removed)